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predictions of a forward-looking model of inflation. Wealth effects of public debt could also affect inflation, as posited by the … fiscal theory of the price level, but we do not find supportive evidence. The results suggest that the risk of a debt-inflation … inflation …
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-- IV. APPLICATION TO JAMAICA -- V. POLICY IMPLICATIONS -- VI. SUMMARY AND CONCLUSIONS -- A. DATA SOURCES AND DEFINITIONS … AND COUNTRY GROUPING -- B. DEBT-INFLATION TRAP AND DEBT SUSTAINABILITY -- REFERENCES. …
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